IMF report: Bitcoin has become a necessary financial hedging tool in the face of financial instability

The International Monetary Fund (IMF) has released a report stating that Bitcoin (BTC) is increasingly becoming a key channel for cross-border financial flows amid global financial instability. The report highlights the large volume of transactions from countries such as Argentina and Venezuela, where citizens face hyperinflation and strict financial controls. In these regions, Bitcoin has become a necessary financial tool for preserving wealth and accessing global markets, rather than just a speculative investment. However, the IMF report also warned that the widespread use of Bitcoin for cross-border flows could pose potential risks. The lack of supervision and the anonymity provided by cryptocurrencies could complicate regulators' efforts to monitor and control financial transactions to prevent illegal activities such as money laundering. (Cryptoslate)